Analyst Expects S&P Global Inc (NYSE: SPGI) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for S&P Global Inc (SPGI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.30, or -0.07%, to $436.70. The S&P Global Inc has recorded 49,077 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Demand for commodities, raw materials and components at its softest in nearly a year, signaling persistent weakness in the global economy: GEP Global Supply Chain Volatility Index.

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Stocks Info

As a NYSE listed company, SPGI falls under the Financial sector while operating within the Financial Data & Stock Exchanges industry segment. At the end of the last regular session, the stock closed at $437.00 and fluctuated between $439.30 as its day high and $434.14 as its day low. The current market capitalization of S&P Global Inc is $138.44B. A total of 0.83 million shares were traded on the day, compared to an average of 1.22M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SPGI has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 6,000 shares. Over the last 12 months, there were 14 BUYs and 61 SELLs from insiders. Insiders purchased 120,183 shares during that period but sold 145,252.

In the most recent transaction, Peterson Douglas L. sold 6,000 shares of SPGI for 405.28 per share on Nov 15. After the transaction, the CEO & President now owns 163,613 company shares. In a previous transaction on Sep 05, Steenbergen Ewout L sold 23,502 shares at 400.00 per share. SPGI shares that EVP & Chief Financial Officer owns now total 3,552.

Among the insiders who sold shares, Saha Saugata disposed of 100 shares on Sep 05 at a per-share price of $394.45. This resulted in the President, Commodity Insights holding 834 shares of SPGI after the transaction. In another insider transaction, Saha Saugata sold 200 shares at $390.13 per share on Aug 28. Company shares held by the President, Commodity Insights now total 934.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. S&P Global Inc pays an annual dividend of $3.60, resulting in a dividend yield of 0.82%, and it has a price to earnings (P/E) ratio of 56.53. SPGI’s most recent ex-dividend date was 11/27/2023 when it declared a $0.90 quarterly dividend that was paid in cash on 12/12/2023. Previously, the company paid the dividend on 9/12/2023 with an ex-dividend date of 8/25/2023. The SPGI stock dividend was $0.90 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SPGI in the last 3 months, the mean price target is $476.67 with high estimates of $540.00 and low estimates of $430.00. In terms of 52-week highs and lows, SPGI has a high of $443.72 and a low of $321.14.

As of this writing, SPGI has an earnings estimate of $3.13 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $3.31 per share and a lower estimate of $3.06. The company reported an EPS of $3.12 in the last quarter, which was -0.60% lower than expectations of $3.14.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SPGI’s latest balance sheet shows that the firm has $6.51B in Cash & Short Term Investments as of fiscal 2021. There were $4.61B in debt and $3.81B in liabilities at the time. Its Book Value Per Share was $111.80, while its Total Shareholder’s Equity was $5.54B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPGI is Buy with a score of 4.84.

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